Global Employment Screening Market: Insights & Forecast (2022-2026)

Executive Summary

The global employment screening market is forecasted to reach US$5.75 billion in 2026, experiencing growth at a CAGR of 5.51% during the period spanning from 2022 to 2026. Growth in the global employment screening market has been supported by factors swelling youth population, increasing urban population, increasing number of start ups, improved regulatory compliance, enhanced quality of workforce, rising digitalization, growing data theft and data destruction. However, the market growth would be challenged by discrimination concerns, and time consuming process.

The global employment screening market can be categorized into the following sectors: IT & Telecom, Manufacturing, Retails, Banking, Financial services & Insurance, Travel & Hospitality, Government Agencies, Healthcare and Others. In 2021, the dominant share of global employment screening market was held by IT & Telecom sector. The market is anticipated to experience certain trends like involvement of artificial intelligence, increase in mobile workforce and job immigrants owing to globalization, automated employee screening services, and growing international opportunities.

The global employment screening market can be segmented into the following regions : North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2021, the dominant share of global employment screening market was held by North America. There is a growing demand for time efficient selection systems in North America owing to rising number of job applicants.

The U.S. employment screening market can be segmented into three services: Verification, Background Screening, and Drug Testing. In 2021, the dominant share was held by Verification screening. This was being followed by Background Screening, and Drug Testing screening services.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Executive Summary

Scope of the report:

• The report provides a comprehensive analysis of the global employment screening market.

• The major regional markets for the global employment screening market (North America, Europe, Asia Pacific, Middle East & Africa, and South America) have been analyzed.

• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

• The competitive landscape of the market, along with the company profiles of leading players (Sterling, Accurate Background, HireRight, ADP LLC, Checkr, First Advantage) are also presented in detail.

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Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Employment Screening and its Types

Background checks are a typical method of verifying a job applicant's information and history. Details like location records, work experience, and other information demonstrate that applicants are honest about who they are and where they've been. Employment screening is a process to eliminate a large number of unsuitable applications through background screening, verification and criminal checks to assess the behavior of applicants. Through employment screening, a traditional interview would not be needed and hence increases the productivity of employees rom both streams. Due to secular labor market tailwinds such as increased worker mobility, remote work, higher employee churn, and the vast gig economy/freelance workforce, the pre-employment background screening sector is enormous and rising swiftly. In addition, the number of screening variables continues to grow. Almost every company conducts background checks on potential employees.

Global Employment Screening Market Forecast by Value

Global Employment Screening Market Forecast by Value (2020-2026) (US$ Billion)

2020 2021 2022E 2023E 2024E 2025E 2026E

Note: These are dummy figures. Please purchase the report for actual figures.

The global employment screening market stood at US$xx billion in 2021. Higher living standards, higher job opportunities, and access to modern amenities and services are a few major factors that have contributed to the immigration from across the world. The growth of the employment screening services market is attributed to the demand for time efficient selection systems owing to rising number of job applicants.

The market is forecasted to reach US$xx billion in 2026, increasing from US$xx billion in 2022. The market is anticipated to grow at a CAGR of xx% for the period spanning 2022-2026. The increasing hiring and job turnover, growth in the gig economy, increased frequency of background screens, and heightened regulation and compliance scrutiny tied to hiring practices would boost the market.

Global Employment Screening Market by Sector

Global Employment Screening Market by Sector, (2021,%)

IT & Telecom Manufacturing Retails Banking, Financial services & Insurance Travel & Hospitality Government Agencies Healthcare Others

1250.0%

Note: These are dummy figures. Please purchase the report for actual figures.

The global employment screening market by sector can be segmented as follows: IT & Telecom, Manufacturing, Retails, Banking, Financial services & Insurance, Travel & Hospitality, Government Agencies, Healthcare and Others.

In 2021, the share of xx% was held by IT & Telecom sector. This was followed by Manufacturing, Retails, Banking, Financial services & Insurance, Travel & Hospitality, Government Agencies, ad Healthcare which held a share of xx%, xx%, xx%, xx%, xx%, and xx%, respectively. The remaining share was being held by others with xx%.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Global Employment Screening Market by Region

Global Employment Screening Market by Region, (2021, %)

North America Europe Asia Pacific Middle East & Africa South America

Note: These are dummy figures. Please purchase the report for actual figures.

The global employment screening market by region can be segmented as follows: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

In 2021, the dominant share of xx% was held by North America. This was being followed by Europe, Asia Pacific, Middle East & Africa, and South America which held a share of xx%, xx%, xx%, and xx%, respectively.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

The U.S. Employment Screening Market by Sector (2021, %)

Note: These are dummy figures. Please purchase the report for actual figures.

The US employment screening market by sector can be segmented as follows: IT & Telecom, Manufacturing, Retails, Banking, Financial services & Insurance, Healthcare, Travel & Hospitality, Government Agencies, and Others.

In 2021, the share of xx% market was held by IT & Telecom. This was followed by Manufacturing, Retails, Banking, Financial services & Insurance, Healthcare, Travel & Hospitality, Government Agencies which held a share of xx%, xx%, xx%, xx%, xx %, and xx%, respectively. The remaining share was being held by others with xx%.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

The U.S. Employment Screening Market by Service

The U.S. Employment Screening Market by Service (2021)

Verification 33.33%

Note: These are dummy figures. Please purchase the report for actual figures.

The U.S. employment screening market by service can be segmented as follows: Verification, Background Screening, and Drug Testing.

In 2021, the dominant share of xx% was held by Verification. This was being followed by Background Screening, and Drug Testing which held a share of xx%, and xx%, respectively.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

North America

The U.S. Background Employment Screening Market by Segments

The U.S. Background Employment Screening Market by Segments, (2021, %)

criminal record 50%

credit check 50%

Note: These are dummy figures. Please purchase the report for actual figures.

The U.S. background employment screening market can be segmented as follows: criminal record and credit check.

In 2021, the dominant share of xx% was held by criminal record. The remaining share of xx% was being held by credit check.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

North America

The U.S. Verification Employment Screening Market by Segments , (2021, %)

Note: These are dummy figures. Please purchase the report for actual figures.

The U.S. verification employment screening market can be segmented as follows: employment history, education, reference, and other including MVR.

In 2021, the dominant share of xx% was held by employment history segment. This was being followed by education, reference, and other including MVR which held a share of xx%, xx%, and xx%, respectively.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

North America

The U.S. Employment Screening Market by Enterprise Size (2021, %)

Large enterprise 50%

Small & Mid sized firms 50%

Note: These are dummy figures. Please purchase the report for actual figures.

The U.S. employment screening market by enterprise size can be segmented as follows: Large enterprise and Small & Mid sized firms.

In 2021, the dominant share of xx% was being held by large enterprises. This was being followed by small & mid sized firms which held a share of xx%.

Global Employment Screening Market (Verification, Background Screening & Drug Testing): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

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